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10/06/2015

Kier Completes Mouchel Acquisition

Kier has announced the completion of its Mouchel acquisition.

Mouchel is an infrastructure and business services group, providing advisory, design and project delivery.

The company also provides managed services to highways and transportation, local government, property, emergency services, health, education and utilities markets in the United Kingdom, the Middle East and Australia.

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The Kier Board stated the acquisition is in line with the company's 'Vision 2020' strategy, representing an opportunity for growth in the infrastructure sector.

Kier Chief Executive, Haydn Mursell, said: "The successful acquisition of Mouchel now positions Kier as a sector leader in the growing UK highways maintenance and management market.

"In particular, the acquisition enables the Group to capitalise on £17 billion of investment in the strategic road network to be delivered through Highways England over the next five years, whilst also accelerating the delivery of Kier's "Vision 2020" strategy."

(LM/MH)

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